In the 21st century knowledge economy, education plays an increasingly important role in preparing new labor market entrants for the workforce and providing skill upgrading throughout the working career. The vital role of education is propelled by the rapid pace of technological change, as well...

Although aging is a global phenomenon, there are large differences across countries in both the speed of aging and the current state they are in. Furthermore countries adopt vastly different policies. This creates a natural laboratory that scientists can use to understand how policies affect...

This paper studies the impact of expenditures on the returns to schooling within a context of dramatic reductions in public spending. The author matches data on expenditures and pupil-teacher ratios from Mexico in the 1980s with individual earnings in 2007/2008 and find that the returns to...

This paper examines the role of women helping women in corporate America. Using a merged panel of directors and executives for large U.S. corporations between 1997 and 2009, the authors find a positive association between the female share of the board of directors in the previous year and the...

A public college in Mexico City randomly assigns applicants into a group that can immediately enroll and a group that can only do so after one year. The author shows that the standard model of educational decisions predicts no (or minimal) effect of deferral on educational attainment. He...

The use of anchoring vignettes to correct for differential item functioning rests upon two identifying assumptions: vignette equivalence and response consistency. To test the second assumption the authors conduct an experiment in which respondents in an Internet panel are asked to both describe...

One of the stylized facts from the literature on international activities of heterogeneous firms is the existence of a positive exporter productivity premium - on average, exporting firms are more productive than firms that sell on the national market only. In this paper, the authors look at the...

The author examines whether education increases patience. Admission decisions in a public college in Mexico are determined through a lottery. He finds that applicants who were successful in the draw were more likely to study in the following years. He surveyed the applicants to this college...

The authors examined the economic wellbeing of the Korean elderly and their reliance on public and private transfers. Under-developed public transfer programs are at the center of heated political debates, and better understanding of economic wellbeing and the relation between public and private...